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SBA | RIN: 3245-AG65 | Publication ID: Fall 2016 |
Title: Small Business Investment Companies (SBIC); Administrative Fees | |
Abstract:
This rule proposes to increase licensing and examination fees for the Small Business Investment Company (SBIC) Program. The Small Business Investment Act of 1958, as amended, authorizes SBA to collect licensing fees from applicants and examination fees from SBICs to offset administrative costs related to licensing and examination activities. SBA last adjusted SBIC licensing fees in 1996 and examination fees in 1998. These fees currently cover only a fraction of necessary SBA administrative expenses related to these activities. The rule proposes to simplify the current exam fee structure and increase both administrative fees to recoup a greater proportion of SBA expenses related to SBA licensing and examination activities. These fees would be annually adjusted based on the urban consumer price index as determined by the Bureau of Labor Statistics. To encourage investment into underserved areas, the rule will propose examination fee discounts for regular SBICs that make significant low and moderate income (LMI) investments. |
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Agency: Small Business Administration(SBA) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 13 CFR 107 | |
Legal Authority: 15 U.S.C. 681(e)(2)(B) 15 U.S.C. 687b(b) |
Legal Deadline:
None |
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Timetable:
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Additional Information: Included in SBA's Retrospective Review under Executive Orders 13563 and 13610. | |
Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Theresa M. Jamerson Senior Risk and Investment Policy Advisor, Office of Investment and Innovation Small Business Administration 409 Third Street SW, Washington, DC 20461 Phone:202 205-7563 Email: theresa.jamerson@sba.gov |